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  5. ›DENTAL BENEFITS

Awarded contract·City of Palm Bay·Florida

DENTAL BENEFITS

Won by Aetna Life Insurance Company +10 more$1MMultiple Award
Contract source

Awarded vendors

  • Aetna Life Insurance Company
  • Bright Benefits
  • Cigna Health & Life Insurance Company
  • Florida Combined Life Insurance Company, Inc.
  • Florida League of Cities, Inc.
  • Humana Insurance Company
  • Metropolitan Life Insurance Company
  • Solstice Benefits, Inc.
  • Sun Life Assurance of Canada
  • United Concordia Insurance Company
  • UnitedHealthCare Insurance Company

Description

The City of Palm Bay is seeking proposals from qualified carriers for group dental insurance for eligible employees, retirees, and their dependents. The city is looking for a carrier that can provide quality dental insurance benefits, competitive premiums, and a high-quality provider network. The contract is for the 2021 plan year, starting on January 1, 2021. The city has outlined specific objectives that proposers must meet, including providing realistic and competitive premiums, offering a high-quality provider network, and providing knowledgeable and comprehensive administration and excellent member service. Some of the key features of the contract include: • Providing quality dental insurance benefits • Providing competitive premiums • Offering a high-quality provider network • Providing knowledgeable and comprehensive administration and excellent member service • Providing online web resources for members to make informed choices about their insured benefits • Providing a complete and creditable reporting package for tracking plan performance and utilization The city has also provided a list of documents that proposers must submit as part of their proposal, including a completed questionnaire and various attachments.

Attached files

Key dates

Starts
1/1/2021

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Insurance
NAICS
524114
Solicitation №
50-0-2020

Contract value

$1,000,000

The value of the contract is not explicitly stated, but based on the number of individuals and dependents (800+) and the scope of the contract, it is likely to be in the hundreds of thousands or millions of dollars. A rough estimate could be between $500,000 to $2 million per year, depending on the premium rates and the number of participants. However, this is a very rough estimate and the actual value could be higher or lower.

AI estimate from the award documents

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